The meeting of the Union Cabinet and the Cabinet Committee on Economic Issues will be held on 25 November. According to the information received, in this meeting, talks on foreign direct investment of Rs 2,480 crore in ATC Telecom Infra Private Limited can be held. Many big decisions can be taken. In this cabinet meeting, equity infusion can also be included on the NIIF Debt platform of 6 thousand crores.
ATC Asia Pacific Pte. Ltd intends to get 12.32% stake in ATC Telecom Infra Private Limited through FDI. ATC Telecom Infra currently provides telecommunications infrastructure solutions. It also provides facilities for maintenance and operation. The business of ATC Asia Pacific Pvt Ltd includes holding or owning securities of companies other than banks. This company was established in the year 2006.
Equity infusion can also be included in this cabinet meeting on the NIIF Debt platform of 6 thousand crore rupees. It can also be decided in the meeting. The NIIF Strategic Opportunity Fund has established its platform, which includes an NBFC infra debt fund and an NBFC infra finance company. A loan book of 8 thousand crores and a deal of 10 thousand crores on this platform is in the pipeline, on which the government can think. Recently the government had proposed an equity investment of Rs 6 thousand crores under self-sufficient India 3.0.